I have a query
Pension income 3lakh
STCG on sale of under construction property 7 lakh before possession flat that is
Is it included as in TI which gets taxed at slab rate and would it fall under ambit of 87A rebate? in total making tax liability NIL ? Reading conflicting views on this one
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Rebate under 87A - STCG right to property
Replies (2)
Quick Summary
It will be taxes at slab rate. Rebate u/s. 87A not applicable.
SEC 87A IS A SEPERATE SECTION.
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